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to meet with house democrats. >> economy is trying to give us signs it wants to launch. the president wants to be there to make sure that the 535 elected members in congress. and the individual american people elected to be president of the united states are ready to launch with the economy. >> also today, treasury secretary jack lew talked about the possibility of finding bipartisan compromise. >> i think there is a growing sense that everyone knows where the balance fair deal is. everyone knows we need to get there. they just don't know how to get there. you have to start. >> today, as far as discussions about reinstating some of the white house tours ts in, in the briefing jay carney says there has been discussions about trying to get specific groups in. no decision on that point and no plans to reverse the overall decision to suspend tours for now. >> bret: shannon bream live on the white house lawn. thank you. the dow's run is now in double digits. the industrial average made it ten straight winning days to gain 84 today. closing at another record high. s&p 500 was up 9. the nasd
. the economist is out with a report on our economy's saying that our economy is in better shape than you think. we're back with that in a moment. first, i want to give a shout out to my grandmother mabel. she convinced her nursing home to switch cable providers just to see the cycle every day. go, mabel! [ jackie ] it's just so frustrating... ♪ the middle of this special moment and i need to run off to the bathroom. ♪ i'm fed up with always having to put my bladder's needs ahead of my daughter. ♪ so today, i'm finally talking to my doctor about overactive bladder symptoms. [ female announcer ] know that gotta go feeling? ask your doctor about prescription toviaz. one toviaz pill a day significantly reduces sudden urges and accidents, for 24 hours. if you have certain stomach problems or glaucoma, or can not empty your bladder, you should not take toviaz. get emergency medical help right away if your face, lips, throat or tongue swells. toviaz can cause blurred vision, dizziness, drowsiness and decreased sweating. do not drive, operate machinery or do unsafe tasks until you know how tovia
and i think most of the country, greta, hear the president's articulated view of the economy, they hear the same rhetoric that led illinois to be a financial basket case. chase revenues, the revenues underperform. don't deal with the underlying spending problems and now what's going on in illinois? almost 10 billion dollars in unpaid bills, almost the second highest per capita debt of any state in the union, higher than average unemployment rate, a downgrade in the credit rating and all of these things are exactly what president obama portends as he articulates he needs more and more and more reven revenue. when you said that to him what did he say? >> look, barack obama is an incredibly skilled guy as relates to these types of questions. when it came down to it, he doesn't have an answer because there is no answer. >> what did he say to you? >> he said oh, it's a bipartisan problem in illinois and goes back and wants to relitigate illinois history, but i think what his challenge is, how to create a bipartisan agenda in this -- in this town when what he's doing is redefining terms. so,
and the austerity he is putting in place has caused the economy to be really slow. >> a lot of tax increases over there in europe. we look at this austerity bit. i want to talk about this for a second. >> i want to get back to the budget then. >> talk about what is happening in washington. you know, economics discussed on tv or on the internet or on twitter, it's so depressing, because people really don't know what they are talking about and they just sort of boil it down and there is this belief through the years, that tax cuts are not a tool used. of course, tax cuts are a tool used and tax increases something that traditional are against in bad times. we hear about austerity across great britain and we never hear about the tax increases. when you talk about the fact they cut and slash spending at the same time they hike taxes, it really was a formula made to fail. >> spending cuts and tax increases both take money out of the economy and slow the economy and, yes, they create this idea of austerity. but, look. it's a balancing problem. on the one hand you need to deal with it budgets and defici
until you topple the entire economy. >> there budget is built on a hoax. on the one handled they say it balances in ten years. on the other hand they say they repeal obama care. but they keep the savings in obama care. if you would repeal obama care today, their budget would not be in balance. >> you saw him there, the democratic congressman, the top democrat on the committee. good to see you. >> good to be with you. >> in the past hour, you announced what you're calling a house democratic budget alternative. first of all, what is it and how is it different from the previous plan offered by the senate? >> well, it is similar to the senate plan. in other words, we also focus on job creation and accelerating the economy right now. then we address the long term budget deficit in a balanced way where we ask for shared responsibility as opposed to the republican plan which provides another tax break wind fall to very wealthy people at the end of everybody else. the expense of the middle class, the expense of commitments to seniors. so our focus right now is to number one, do no harm to th
that oil is going to be part of this economy for generations to come. we need that oil. the fact is the keystone xl pipeline which is project we've been working on a number of years will help increase our domestic production of oil from a safe and secure neighbor and it will help us to create jobs on that during the construction which is very important. >> neil: so from your vantage pointed and when you hear from environmentalist friends loyal to the president, he is going to do this and they are not going to forget about it. if he goes ahead and wants to complete the pipeline, do you think that will cause serious problems for the president? >> i don't know how many problems it will cause. the fact of the matter is, the studies have looked at this pipeline that have been conducted -- there have been many of them -- have been done thoroughly point to the fact that much of the rhetoric that the environmentalists of using doesn't pan out. so if he is going to make a decision on the record, the record supports building this pipeline. it's not all the vitriole doesn't pan out in the s
a deficit reduction plan over the longer term, starting as the economy begins to recover more that will give more credibility to the market, such that interest rates don't go up if they get scared, we'll never do anything about deficits. but it's a matter of timing, not a matter of morality. ivities bob, giving all great work that demoss is doing, the republicans have been masterful insofar as is the national debate has centered on deficits. a lot of the economists would say, look, as ezra points out, a long-term plan is necessary, but in the short term stimulus spending is what we need. >> exactly what we need. >> the elephant in the living room is still unemployment. we have too many people who are jobless or underemployed, and budgets in any kind of reasonable state of balance without putting these people back to work in good jobs so that they're paying taxes. the question becomes, when we have they budget debates in washington and the question that's not being answered is, what is the goal? the goal is not simply to get a balanced budget or get closer. it's to have some kind of economic
is how do we grow the economy, put people back to work and if we do that, we're going to be bringing in more revenue, if we have controlled spending, and we have smart entitlement package, then potentially what you have is balance -- >> bill: potentially. the president thinks he he can get the federal budget under control. potentially. but listen to this. the democratic budget calls for $1 trillion in tax increases over the next 10 years. how are you going to grow an economy with that? and every working american is going to pay some of those taxes. let me ask you, let me ask you this. are you already not paying taxes through the roof? i am. property tax, sales tax, gas tax, state tax, city of new york tax, federal income tax, and almost everything i do in my leash time, rental cars, hotels, planes, all taxed as well. and the democrats want to add another trillion dollars in taxes? so we're quickly becoming sweden which has the highest tax rate in europe. u.s. corporate tax is already the highest in the world, already. and there is no doubt president obama wants to raise them even fur
is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> president obama selling a creative way to pay for research into alternative energy sources. he used his weekly address to present a plan to use the money collected from private companies who drill for oil on public lands. >> now, this idea isn't mine. it actually builds off a proposal put forward by a nonpartisan coalition of ceos and retired generals and admirals. let's take their advice and free our families and our businesses from
according to the local immediate roll gist. the economy is hurting badly. this was a jolt for the economy. or seemed to be. italians react to the man as we think he will? he is of italian heritage, and so many people in argentina have italian roots. 50-60% of the population, i have now read, in argentina with italian linage in one way or another. this is bringing together two worlds. worlds where the papacy resided forever and where the catholic people's numbers are the highest. it's interesting congrlegration and they hope this is the dawn of the new day for the church. they could use the hope and inspiration. >> kimberly: we're going to bring in eric bolling. >> eric: hey, shep. cardinal begala chose the name pope francis. the first francis, not the second or third. the first time. he came out and the first words he spoke very informal. he's said to have lived in a small apartment in argentina where he could have lived in a palace. his informal, humbleness, does it give us insight to what his papalsy will bring? >> those in the know seem to believe it would. pope john paul ii in 1978, h
back the economy and the g.o.p. believes mr. obama is creating a nation at war with itself. the affluent vs. the nonaffluent. over the weekend senator ted cruze of texas, a conservative, delivered a very emotional speech at cpac. >> my father came from cuba. he had been in prison. he had been tortured in cuba. and he came to texas with nothing, with 100 in his underwear. didn't speak a word of english. washed dishes making 50 cents an hour. in someone had came up to that 18-year-old kid avenue as he was washing dishes and suggested to him that 55 years hence his son would be sworn into office as a united states senator representing the great state of texas. [ applause ] that would have been unimaginable. >> now mr. cruze says his dad made it on his own without government assistance. he worked hard and provide for his family and now his son has achieved the american dream. that's the way this country is supposed to work. but president obama himself has a very compelling story to tell. his father abandoned him. he was raised primarily by his maternal grandparents in hawaii. h
the bay area economy. >>> one golfer with quite a hole in one. he fell into a sink hole. we have details of how he survived. [ male announcer ] subway introduces the new $3 six-inch select! this march, we're kicking things off with the low fat oven roasted chicken $3 six-inch select. it's available all month long as one of our march featured values, the newest way to enjoy subway every day! subway. eat fresh. >>> welcome back to the ktvu channel 2 morning news. actually a pretty good retail report coming in this morning. but the dow down just about 24 points. the nasdaq and s & p also down a quarter of a percent. >>> time now 6:55. this firey explosion this morning in a louisiana bayou. four people were hurt. a tug boat hit a gas pipeline. that tug boat was pushing an oil barn last night about 30 miles south of new orleans. both of the vessels were engulfed in the flames when the boat hit the pipeline. four people on the tug boat were treated for injuries. one suffered severe burns. >>> back here at home fire repairs on berkeley's famous restaurant may take a lot longer than expected. cr
yacht race. how it will effect the bay area economy. >>> one golfer with quite a hole in one. he fell into a sink hole. we have details of how he survived. [ male announcer ] subway introduces the new $3 six-inch select! this march we're kicking things off with the low fat oven roasted chicken $3 six-inch select. it's available all month long as one of our march featured values, the newest way to enjoy subway every day! subway. eat fresh. >>> welcome back to the ktvu channel 2 morning news. actually a pretty good retail report coming in this morning. but the dow down just about 24 points. the nasdaq and s & p also down a quarter of a percent. >>> time now 6:55. this firey explosion this morning in a louisiana bayou. four people were hurt. a tug boat hit a gas pipeline. that tug boat was pushing an oil barn last night about 30 miles south of new orleans. both of the vessels were engulfed in the flames when the boat hit the pipeline. four people on the tug boat were treated for injuries. one suffered severe burns. >>> back here at home fire repa
's who he is. he's herbert hoover, he doesn't understand the economy and doesn't understand what's coming. >> that's not true. just for the record that's not factually true, you do realize that. >> bill: and herbert hoover didn't see the depression coming, didn't see that his policies were leading up to the armageddon. >> and that's not the issue-- >> and barack obama doesn't see it either. >> that's a red herring. >> bill: a red herring? >> yeah, you can google that-- >> it's not. it's a historical fact. hoover didn't know it was coming and we all got blasted because he didn't know and the same thing is likely to happen with barack obama. >> i'm not making an argument about herbert hoover. and the argument is whether a balanced budget is necessary for-- >> 20 trillion dollar debt by the time leaves office, that's crazy. >> the question is what kind of debt it is. >> bill: no, money is money. >> that's not true, if i blue through the econoblew through l bush did, and the war and if i investigate in technology on-- >> that's an outlay of money that will not come back to the treasury. if it
building and strongest economy? now, an economist named andrew lawrence is behind something called the skyscraper index which shows that the construction of very tall buildings is actually a great way to predict the onset of economic changes. so here's how it works. when a skyscraper begins construction, everybody is all excited, ebuhl yent, right, the country is growing. usually too excited and there is a dramatic plunge in the economic outlook of a country. but according to the index, once the skyscraper has finally finished, the economy will be climbing back. one world trade center will be america's tallest tower when it is completed next year. and even though americans' confidence in the economy is bad, our new tallest building seems to indicate things are looking up. hey, you know, i know it's just one tower. and sure, it's a rather thin hope. but if thein be detection holds true, america's economy is going to be in a way better place, a lot sooner than anybody thought. anderson cooper starts now. >> erin, thanks. good evening, everyone. a very big night tonight, including the
when it comes to the economy. listen to this. >> my goal is not to chase a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work, and if we do that, we're going to be bringing in more revenue. martha: stuart varney, host of "varney & company" on the fox business network. what do you think about that statement? he says you shouldn't just chase a balanced budget just for the sake of being able to say it is balanced? >> i think the president was spelling out his priority and his priority is not balancing the budget for the sake of balancing the budget. his priority is growth by spending more government money. that i think is his priority. and as you said, martha, that is in sharp contrast to paul ryan who is deliberately going after deficits and the debt and wants to balance in ten years. so you've got two very clear sides here. the president says, spending and debt probably sustainable. paul ryan said, no, it is definitely not. martha: is that debt sustainable, stuart? it's growing like wildfire. >> take a look at right now. a
like now vicious cuts were going to destroy america's economy and all of the things they are predicting now they predicted back in 1995. they were wrong then and they are wrong now. >> as kelly just mentioned senate democrats unveiled their plan for the budget. patty murray greeted the president over lunch on tuesday. it calls for raising tax revenue by 1 trillion and slashing spending by 175 million. >> harold is smiling. >> stop shaking your head. what is up? how would you like to be a democrat going back to the people of tennessee i raised your taxes a trillion dollars? >> how are they doing it? >> i shake my head. if you're a pedestrian and watching this, this is willie's question. this is where we were six months ago, three months ago. i have great respect for senator murray and i believe she believes in their budget but they have to come together because i'm not sure shs any different. paul ryan's too. how do you examine to abolish after you had an election? >> these are political documents. paul ryan's document is a political document more than an economic document, telling ameri
, corporate profits are up. we're starting to make progress in our economy. wages aren't and unemployment is too high. he wants to have budget that reflects building from the middle out things he said in the campaign. number two, he was asked specifically about chain cpi. what he made clear is he will not chase a bad deal. you heard mr. boehner just now, he seems to be demanding a bad deal. the president making it quite clear he won't chase it i think gave members some confidence it's not as though he's going to give something away like chain cpi. what the president said is any deal he negotiates is going to have to be balanced. that means a significant contribution from revenues, largely from cleaning up the tax code, with a focus on investing. you know, the sequester is putting us two years off on doing a scientific research for health care. so the president was reassuring to us that he's focused on the middle class. he's focused on jobs and not interested in getting into a negotiation where we bid against ourselves, something we've done too much of in the past. >> congressman, members
, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. that work the way you wish they would. like a front-end loader you can detach from your seat? or a mower deck you just drive over and cut through knee-deep grass no problem? yep. we thought the same thing you did. that's why we build them this way. that's how we run. nothing runs like a deere. visit your dealer or johndeere.com/howwerun to see the new signature series and 1 family tractors. accomplishing even little things can become major victories. i'm phil mickelson, pro golfer. when i was diagnosed with psoriatic arthritis, my rheumatologist prescribed enbrel for my pain and stiffness, and to help stop joint damage. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fat
significant damage and harm to our economy. >> and this was the head of sort of our top spy guy saying this is the number one threat so my guess is he's not talking about criminal activity getting your credit card. he's talking about terrorists, and yet we hear we're maybe two years away from the capability and that's what we were told. >> we're not two years at all. we're having attacks as we speak right now. >> by terrorists? >> by nation states. >> we certainly know that china is, or we believe china to be behind some of this industrial spying but i'm talking about the last thing that he said about, and we know that terrorists are looking to do the kinds of things you talked about, shutting down -- >> different issues there. we know that terrorists, non-nation states are seeking the capability to do cyber attacks. >> right. >> they're probably not there yet. here's the other problem, a non-rational actor, iran, is already at the shores of the united states with cyber attacks, and that's what's so concerning. i think that's why all of us, dutch and i have been working so hard on that
, in science and research, in education. things that are important to power the economy. our focus has been on jobs first. let's get the economy in full gear. not put the brakes on it. which is what the republicans do. they've gotten austerity budget that according to the nonpartisan congressional budget office, will result in 750,000 fewer jobs bn i end of the year. so we say let's tackle the deficit in a smart way, get people back to work and reduce it over a steady period over a period of time and our comes to balance at the same time that the republicans' budget from last year comes into balance. >> on the issue of revenue, i believe your budget has about $200 billion more in revenue than senator murray's budget in the senate. why did you put that in there considering that republicans are so adverse to any new revenue? >> the budget we have in our democratic proposal. if you take it even together with the revenue from the fiscal cliff agreement, is still less total revenue, luke, than was embedded in the bipartisan simpson-bowles agreement. so we have less revenue proposed by that bipar
sanctions ever. it's having a significant effect. >> on the economy? >> there is the president of the united states saying it could take a year for iran to develop a nuclear weapon. let's discuss what is going on. that's the first time i heard the president give such a specific timeline, within a year or so iran could have a nuclear weapon. that sounds pretty ominous. >> it does sound ominous. what it shows you is what a difficult diplomatic challenge the president has. because they're negotiating with iran through the six-party talks which are taking place in kazakhstan and there the united states has made some offers that are, you know, trying to help iran move to a kind of win-win place. now he is managing the other dimension of this which is israel. he is trying to convince the israelis that he is serious, that he sees that there is not an infinite amount of time, and he said later in the interview all options are on the table. when i say all options i mean military force and we have substantial capabilities. so he's trying to manage the iranian clock as well as the israeli clock. >> so
committee took exception saying that the city had been played. >> the world economy collapsed. >> reporter: he says there wasn't enough money to field a bunch of challengers so the expected revenue from the teams is down from $215 million to just $57 million. buehl took on the task of trying to raise $32 million from private donors to offset city expenses but so far that effort is $8 million short of where it should be. the goal now? just raise enough to keep the city from losing money. >> i honestly believe if larry ellison wins itle be back and ten times as exciting with more times next time. >> would you ever volunteer for this job again? >> if i want to stay mare wouldn't.ried i >> reporter: you you heard steven barkley the head of the event authority saying he didn't like being accused of not doing the right thing. today's hearing may have helped serve to clear the air some. after the hearing he told me he now believes everybody is onboard. recording from the embarcadero, mark matthews, abc 7 news. >>> nice outside where mark was standing. hope you enjoyed the lovely weather because i
the fed is pumping into the economy every month. yesterday's introduction of the new pope igniting a social media frenzy. twitter says 130,000 tweets permitted were posted about the new pope. notable considering it wasn't a prime time event. for a short time every trending topic was pope related and only by 6:30 p.m. eastern mentions of bergoglio on facebook were up by nearly 4 million percent. >> is he on twiter? >> i think he is. >> back up, yeah. >> tweeted last night. >> he did. a lot of people are following that. i think the last time we had a pope -- new pope so it wasn't even twitter. this is a whole new phenomenon for catholics to watch this news. meantime, incredible study this morning. more and more parents are stressed out. a new study from pew research. >> wait a minute. someone put money into a study. that's ridiculous. >> more than half of working moms are stressed and dads are right behind them. >> that sounds low. >> parents take on new roles. more moms are work ought side the home today with moms saying they spent 21 hours per week at a paying job, up eight hours f
of america and putting the stability of our economy on the line. we should not be having a debate. it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution says. too often house republicans have refused to acknowledge the negative impact of their action, choosing to return to the same tired failed strategy, one that only serves to, again, weaken our economy and undermine our middle class. that track record must end. >> nobody believes that. full faith and credit? >> sean: let's 0 go to paul ryan. he got high marks for personalizing the debts. >> we know with certainty a debt crisis is coming to america. this is not a question of if. it's a question of when. what is a debt crisis? it means we can't keep living beyond our means. it means we can't keep borrowing from our children's future. this -- our generation of americans, we're being selfish, we're taking from the next generation their future. we have a moral obligation to fix that. and if we have a debt crisis, those who get hurt the first and the worst are the ones who ne
the economy? >> you look to me and i look different from republicans i know. let me tell you why i am. >> they are being effective since we are talking about it. >> it's a good approach. i don't want to shy away from it. puerto rican woman. >> greg: really? >> i have no problem talking about it. it's good to do that and do the outreach to encourage the communities to get active and understand the elements that, conservatism and the republican party. they understood they have principles and ideology that is really right on the mark for them. focus on the family. >> bob: you have to take the message to them. >> kimberly: that's how people get hired for. >> greg: wrap this up. next up on "the five," a year ago at cpac he was vying to be the republican presidential nominee. today at the annual gathering, mitt romney offered mea culpa. i think that is a snack. and a little advice. >> as someone i lost the last election i'm not in the best position to chart the court for the next one. but let me offer this advice. find out what he said next. gotcha ! got you ! you cannot escape the rebel fo
the economy going, get jobs back, and i spent hours this week in the budget committee. i'll be going back soon. the budget is on the floor next week. and those will continue to be the issues that i'll put my primary focus on. >> reporter: what do you say to a gay constituent in ohio who says, i'm so glad he changed his position but why did it take him learning that he has a gay son? why didn't he as my representative care about my rights before that? >> well, i would say that, you know, i've had a change of heart based upon a personal experience. that is certainly true. dick cheney i think had a similar experience. i've talked to him, by the way, about this. you know, it wasn't an issue i had given much thought to prior to that. maybe i should have but the reason i got into public service was because of my concern on the economic and budget issues. that's always been my focus. >> reporter: you just walked into the very last question i promise i will ask which was going to be about dick cheney. you said you did talk to him. did you call him for advice because he had a situation very similar? >>
a balanced budget just for the sake of balance. my goal is to how do we grow the economy, put people back to work, and if we do that, we'll bring in more revenue, if we control spending and we got a smart entitlement package, what you have is balance, but it's not balance on the backs of the poor or elderly or students who need student loans or families with disabled kids. not the right way to balance the budget. >> tom price is the republican from georgia. vice chair of the budget committee. nice to see you, sir. they call it a charm offensive. and the national journal quoted a white house who said this. this is a joke, waiting the president's time in hours. i hope are you all in the media happy because we are doing it for you. the white house official is not speaking accurately. do you think it's a waste of time. the charm offensive is actually kind of disjen white houingenuo? >> there has to be trust on both sides. we will welcome the president to the capitol today, we look forward to what he has to say. this has to be more than one step this is the first step in a long process of gett
tonight's. jon: getting a read on the true u.s. economy. the dow jones has been surging. a 57 points in the mid-14,000. the national debt keeps soaring as well. washington seems unable to find a solution. the unemployment rate stubbornly high. chief correspondent jim angle takes a look. >> enormous amounts of money into the economy, they will be gasping for air. listen to this. >> it was crucial in the crisis and the fed is very powerful at stopping the fall. but it's not good at pushing one investors who don't really want employers who don't want to hire. it has been pretty unsuccessful. >> some know that some small signs of recovery in the housing market have occurred. even with the creation of 236,000 jobs in february, job growth has lagged and is still dismal. >> is the worst business cycle that we have had since the end of world war ii in terms of job creation. we haven't even gotten back to where we were at the peak of the previous business cycle. reporter: the unemployment rate remains high. administration officials predict it would be about 5%. including all of those who took
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. >> these cuts are not smart, they are not fair, they will hurt our economy and add hundreds of americans to the unemployment roles. >> let's start out with the charm offensive taking with them over lunch. >> who are the middle class americans, some are families with children with autism and down syndrome, these are americans we'd be telling to fend for themselves. >> the president reaching out and having phone conversations and encounters with lawmakers of both parts. >> congress allows this meat cleaver approach to take place. the federal prosecutors will have to close cases and let criminals go. >> you know, the president, the big talk around washington is this so-called charm offensive, he has dinner with these republican legislators. >> you don't want to have to choose let's see do i close funding for the disabled kid or the poor kid? >> all right. so much for so-called bipartisanship. joining me now live with his reaction, he's in his bunker, mark levin. we have a nobel prize winning president, the anointed one i call him. were you surprised that barack obama the first was not elect
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into this big sphere that we call the economy. so yes, housing might have something to do with it. you have to look at how everyone else is spending. people that are investing in the dow, 80% of the dow's wealth is held by 10% of the country's wealth. if those people are feeling more wealthy, they'll buy more real estate and spend more. so you will see that frugal fatigue. people will spend a little bit more and buy more invest many properties. >> another news item from wall street is a congressional investigation found jpmorgan had misled the public. investors, regulators in connection with that massive $6 billion loss that they took last year. that got me thinking about the state of our regulatory environments. have we clean up the causes. one of the major causes of the last mess came from the housing market where you had more gangs going out to people who couldn't necessarily afford them. they were being tricked into them and not educated properly. then being packages up and sold. they were rated in a way that wasn't appropriate. have we fixed any of that mess? >> especially with this lo
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over the past three years over an economy that's produced over 6.3 million private sector jobs and we have more work to do. and this president's number one priority is growth and job creation. >> what a bunch of-- there's 20 million more americans on food stamps, number one. and number two, we have one in six americans in poverty. what would dr. carson do if he was president. would you cut back? >> well, i would certainly cut back, but the pay i would cut is evenly, but i would give the managers of each department discretion because they know where the fat is. they're not going to cut the muscle, they're going to cut the fat. it seems like what the president is doing is trying to cut in the places where it hurts the most in order to prove a point and i -- if ever the mainstream media reaches a point where they recognize that if we destroy this nation and destroy the economy, they, too, will be destroyed, i think at that point they will start asking the tough questions and helping to move the population in the right direction. >> sean: don't hold your breath, dr. carson. i declared in
for the sake of balance. my goal is how do we grow the economy, put people back to work, and if we do that we're going to be bringing in more revenue. if we control spending and we've got a smart entitlement package, then potentially what you have is balance. but it's not balance on the backs of the poor, the elderly, students who need student loans, families who have got disabled kids. that's not the right way to balance our budget. >>brian: you were doing good until the last line. if you want to reform entitlements, all of a sudden you don't like the poor, the elderly, people with special needs, then all of a sudden you can't talk anymore. these are entitlement programs that need to be reformed in a way that will be sustainable. you don't have to vilify people that come up with plans. come up with your own plan. for him to say i'm not going to balance the budget just to balance the budget, did he get anything out of the dinner from last week? >>steve: how many times in the campaign did we hear from the democrats we've got to have a balanced approach where everything is balanced, except when
they are being offered. >> this doesn't acknowledge the fact that there is inflation in the california economy. it doesn't acknowledge the fact that our wages are about 7500 dollars less than our leading peeshtion chicago similar funny and los angeles philharmonic. >>reporter: the average musician salary is 165,000 dollars a year. the union says basic pay is 142,000. management says they provide health care with no monthly contribution. the musicians say they pay for family member members. the similar funny says musicians get 10 week of paid vacation. they say they have other expenses including buying their own instruments that can cost hundreds of thousands of dollars. similar funny says the wage proposal would keep the 105 member orchestra among the top 3 nationwide. >> most talented musician in the world and we are hopeful we can reach an agreement that recognizes that and at the same time tl move our organization forward. >>reporter: at this press concert the musicians told us while the similar funny hasen document nearing 300 million an has given hefty bone to us management, they
of large numbers of americans struggling in this economy, working hard, trying to get ahead and running into obstacles and head winds. this tape seemed to crystallize everything that we had said. it's not often that you get a candidate, in his own words, affirming, essentially the case you are making against him. we knew right away this was going to be a big deal. >> brian grim, a big deal. it couldn't have been a bigger deal. i don't think there was a more perfect way for scott prouty to handle this. timing and everything. >> i met with him before and after the video came out. >> did you speak to him before the video came out? >> over e-mail. never by phone. >> in that e-mail, was it revealed to you who it was? >> no, he kept himself anonymous. it wasn't until down the road he would tell me his name. >> was he reaching out to you? >> our d.c. operations manager is a tech, you know, a tech fanatic. he found the 47% video on a youtube account that nobody else noticed and started communicating with him. he also, scott himself, posted in the comment section. i was able to find his e-mail a
about that but that would tank the economy, period. >> bill: here is my problem with gates. i was defending him but i don't think if he would say if george w. bush. you know president bush needs more power. at this think he is liberal partisan. i don't know him. i think that is where he coming from. share the wealth and income redistribution? >> there is no better example of ee leetsd in this country, gates equals microsoft, $61 billion net worth on the part of bill gates. >> bill: he gives a lot of money away. he is not a hypocrite like al gore? >> not even close but we should discuss what he is doing. these powerful companies hold the gate way to the digital world. microsoft, facebook, google these are huge companies, big power and then to align it with statist president like barack obama that would have a crushing influence on our society. >> bill: in the g.o.p. budget put forth by congressman ryan there was at call for a repeal of obamacare. now, i said earlier this week that was dumb. you don't put that in there because no one pays any attention to anything else. that is
the recession. now it's beginning to fall as the economy improves. but tuition at four-year colleges is rising. the job market is still struggling, and student loan debt is skyrocketing. >> attending a community college and getting an associate's degree is a more practical decision. >> reporter: so if you're trying to trim your college costs, start at a community college. >> where you went to school matters less and less. what matters more and more is what you take. >> reporter: second, learn a practical in-demand skill like computer science. finally, see if your employer will chip in. >> that was essential to help me finishing my bachelor's. >> reporter: christine romans, cnn, new york. >>> it's a rare saturday in court for two high school football players accused of raining a teenaged girl. our legal guys will dissect some of the damning evidence. the american dream is of a better future, a confident retirement. those dreams have taken a beating lately. but no way we're going to let them die. ♪ ameriprise advisors can help keep your dreams alive like they helped millions of others. by list
of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. licking the cream off these oreo cookies. that's stupid. you're wasting the best part. shuh, says the man without a helicopter. wait, don't go! [ male announcer ] choose your side at oreo.com. i can't believe your mom let you take her car out.ck!go! this is awesome! whoooo! you're crazy. go faster! go faster! go faster! go faster! no! stop...stop... (mom) i raised my son to be careful... hi, sweetie. hi, mom. (mom) but just to be safe... i got a subaru. (announcer) love. it's what makes a subaru a subaru. that nasty odor coming from your washer. say farewell to the smell with tide washing machine cleaner. it goes straight to the source of the stink to lift odor-causing residues off your washer's drum. tide washing machine cleaner. >>> the problem here is that there will always be some uncertain
on the annual event. >> it really brings a lot of money and it helps the economy. >> we want to do is make sure that people know that the event is happening this clear. >> reporter: the new organizers say that the large festival will be scaled back. >> we're not going to have seven stages. we'll go back to the way carnaval started. >> reporter: residents and business owners gatted at at this theater to organize, volunteer and offer to help raise money. in san francisco, rob roth, ktvu channel 2 news. >>> uc students hoping to earn degree credits online may not be able to after all. university of california faculty leaders announced their opposition to legislation that would allow public college students to earn credits online. the bill would allow students who can't get into overcrowded classes to take similar online courses from outside institutions. >>> state where sheman tom amemiano introduced legislation that would make policing cannabis laws the responsibility of california alcoholic bench control. it would provide a structure for medical cannabis cultivation, processing, testing and desc
would most certainly collapse. that could potentially threaten other national economies. these things are often domino effects as you know. greg palkot is live in london. what is the latest on this deal, greg. >> reporter: you're right, martha. people are scrambling blink to prevent another way for cyprus to go bankrupt and dragging rest of europe down with it. in the cypriot parliament, not a single member of parliament voted in favor of that plan. this plan could see as much as 10% taken out of private bank accounts to help bankroll that bailout. the vote was seen as a victory for the little guy but yes, now they have to find another way of getting the money. one way of getting the money may be go to moscow with hat in hand. cypriot officials were there today. rich russians taking advantage of lax banking regulations on the sigh land of cyprus invest a lot there. maybe as much as half of the deposits and investments are coming from russia. they're looking now for more loans from russia and maybe there are reports of selling off some things there. a bank. a maybe some energy rights.
. even on romney's short list for vice president. he's been a leading republican voice on the economy for four decades. >> we need to spur economic growth and create more jobs. >> reporter: now the prominent conservative from ohio will be known for something else, changing his hard-line position against gay marriage, which he revealed to cnn. and the very personal reason behind his reversal. >> i'm announcing today a change of heart. on an issue that a lot of people feel strongly about. and it has to do with gay couples' opportunity to marry. i've come to the conclusion that for me, personally, i think this is something that we should allow people to do, to get married, and to have the joy, and the stability of marriage that i've had for over 26 years. i want all three of my kids to have it, including our son who is gay. >> reporter: that unexpected revelation came from portman's 21-year-old son will two years ago. >> my son came to jane, my wife and i, told us that he was gay. and that it was not a choice. and that, you know, he -- that's just part of who he is and he's been that way
that it will stay the course, staying the course, of course, means pumping money into the american economy especially concerns about a possible bailout in cyprus flare up. summer won't come soon enough for twinkie lovers. you know who you are. a bankruptcy judge approving hostess' sale to two investment firms and bringing twinkies, ho-hoes and ding dongs back from the dead. the deal said to be worth $410 million. the new owners hope to have twinkies and its snack cake brethren back on your store shelves by summer so you can stop with the locked door in your office and your stash. you'll be able to replenish it soon. and think you can trust labels at the shopping mall? think again. some clothing labeled as being made with fake fur was actually made with real fur. neiman marcus resolve clothing and dr. j.'s dotcom are settling false marketing charges with the federal trade commission. the retailers will not pay any fines but do promise to label all their products correctly going forward or face penalties. imagine if you were going to buy a pair of flats for example, this was a brand-name sli
spending $85 billion a month to stimulate the economy. he's putting money into the system, which is helping the stock market. and he's keeping interest rates low until the unemployment rate gets to 6.5%. a lot of folks are looking at this particular mix of factors and saying, the stock market could go -- excuse me. could go higher here. i'm speechless. >> i had to admit, i had no idea where you were going with "fargo." when you brought it together there. i like many men, are obsessed with the phone wars going on now. there's a huge announcement today. >> the samsung galaxy s-4 is released today. this is a food fight for the smartphone world. a lot of people are saying, if samsung could get some cool in this phone, the android market is huge. samsung and apple have been fighting over their share of this market. and look at the advertising of these companies, by the way. and you can see that samsung are 4 billion in estimated annual advertising. look at how that compared all of the other, like big names that you know. they're spending a lot of money to be sure you know their phones are cool.
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